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Mortgage free in Forever Home :-)

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Comments

  • Watty1
    Watty1 Posts: 7,082 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    crocheting planting and thongs - a varied thread if ever there was one!
    Made it to mortgage free but what a muddle that became

    In the event the proverbial hits the fan then co-habitees are better stashing their cash than being mortgage free !!
  • f0xh0les
    f0xh0les Posts: 7,645 Forumite
    Part of the Furniture 1,000 Posts Mortgage-free Glee! Photogenic
    Crocheting, planting and thongs , oh my!
    Crocheting, planting and thongs , oh my!
    4/10/22One Year Mortgage Free Yay!
    NSTurtle # 55 🐢 🐢 🐢 🐢 🐢 🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢🐢🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 🐢 No Turtle gets left behind.[/b]
    ******PROUD MEMBER OF THE TOFU EATING COALITION OF CHAOS !!!******
  • LadyWithAPlan
    LadyWithAPlan Posts: 3,801 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    KajiKita said:
    Many moons and jobs ago I was in a DB pension …

    They emailed me today with a passworded letter saying that as I will be 55 this October I could call on my pension! 😳😂

    They are saying I could get a £35K lump sum and a £5.5K pension pa. 
    Or no lump sum and c. £7.2K pa pension. 
    Apparently they believe they can maintain the value of the pension to match inflation, up to @ maximum of 5%. 

    I’m assuming I should just leave it all there for now … 🤔

    KK

    How fabulous! I think as you are currently earning you dont want the extra tax hit, even with the 25% tax free bit. However its easy to set up a simple excel and do some projections...

    Gorgeous Looking  Mr KK vehicle ;)

    So sorry to read about the tragedy, maybe one of these organisations has a book you can buy  about ways to cope (or not as it feels like a huge tragedy)  in such a difficult time.


    Another one here who is on the healthy eating journey too and I feel so much better.  I listened to a podcast by the van Tulleken docs the other day.  They were saying that putting on weight isn't a failure or lack of willpower - the food companies spend millions on making irresistible food that's bad for you.  So if you can beat them you are doing well, it made me feel better about putting weight on when I was going through the menopause.
    This podcast sounds great, it is so true everywhere you turn there is a food manufacturer/restaurant trying to sell you foods with  extra fat, sugar, salt in - they taste great but is entirely manufactured to make us eat more of it.. and we wonder why we put on weight.. and the menopause they really dont warn you ...

    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.
    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • Humdinger1
    Humdinger1 Posts: 2,350 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    @KajiKita may I dive in to say that you are never boring! Not even close!! If thongs are your thing, you go right ahead; not that you need permission from me or anyone else. Gruesome descriptions of what can happen if you wear ones that are too small have steered me away but chocks away I say.  Love Humdinger xx 
  • LadyWithAPlan
    LadyWithAPlan Posts: 3,801 Forumite
    1,000 Posts Fourth Anniversary Photogenic Name Dropper
    The mindful eating counselling sounds great  - since I have been doing a food version of the Newcastle diet i am really appreciating the taste of food, the sweetness of a single strawberry, the first bite of a GF  aberdeen angus burger (no bun but with more green salad than a most would attempt) If I start looking like Shrek I will know why...
    I am also not really hungry, turns out eating more sweet/salty things just makes you crave them more. I actually feel great.

    Very useful that you found your colleague with the leaflets.
    DON'T BUY STUFF (from Frugalwoods)
    No seriously, just don’t buy things. 99% of our success with our savings rate is attributed to the fact that we don’t buy things... You can and should take advantage of discounts.... But at the end of the day, the only way to truly save money is to not buy stuff.    Money doesn’t walk out of your wallet on its own accord.
    https://forums.moneysavingexpert.com/discussion/6289577/future-proofing-my-life-deposit-saving-then-mfw-journey-in-under-13-years#latest
  • debtfreewannabe321
    debtfreewannabe321 Posts: 9,573 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I'm very interested to hear about the mindful eating counselling too ☺️. I teach mindful eating meditations sometimes and it's amazing how much stuff we eat mindlessly without even tasting it sometimes! 
    MORTGAGE BALANCE when we moved Aug 2024, £120,000. January 1st £118,267.06. May 1st, £116, 123, June 1st, £115,536, New mortgage added for extension- £165,000 July 1st!
    Mortgage Overpayments - September-December, £152.46. J- £103.27, F- £115, M- £91.50, A- £100, M- £200, J- £200. J- £200. A-£200, S- £200.
    Total- £1562.23
    Goal pay off 1% of current mortgage in 1 year. £1650

    EF- first goal £300
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